The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1887-11-03
How to Make Money.

"Sucoess in Wall street depends good
deal upon a mans environment. If he
gets into brokers' Office where there
arc live and stirring men, and he has
good staying qualities, he will probably
rise from the humber duties of clerk
to wider field of operation. But there
arc offices within stones throw where
old fogyism prevails, and man might
as we'll be paving the streets for for
tune as to enter one of them. There are
employers who seem to think that no.
body connected with them ought to rise.
A man seeking to make Wall street the
scene OF his life work should exercise
great care and discrimination to avoid
such men. Does it require n special
aptitude to secure success in Wall
strcctl Well, yes, it requires special
aptitude to succeed in any business.
"Somc men," he continued, ''are Tim
Linkinwaters; you remember Cheeryble
Brothers in Dickens9 Tim knew every
pigeonholc in their desks, and was as
familiar and slow as possible. These
men do not rise fight above pigeon
hole and they never make anything bet
ter than highly priced confidential clerks
who are great comfort to their en-
ployers. That is an aptitude that
has its manifest use in the
financial world but it is not
that that develops mans fortunes be-
yond the point of decent living. On
the other hand, there are men who are
the exact opposite of the Tim Linkin-
waters, men who are all dash and bra
vado, who attempt a big coup-that
word I use because it expresses the idea
better than anything happen to know
in the English language---such men are
always sure to make worse failures in
the street than the slow, methodical
plodders. Yet most outsiders, imagine,
take all brokers for just such men, be-
cause the magnitude OF operations is oft
times binding and the public cannot see
the real circumstances at the back of
them.
''The essential difference between our
business and that of any other man is
that broker has to square his books
every day and see where he stands. A
dry goods man could fail and not find it
out for months; but if broker has not
the capital to work with he finds it out
in double quick order. Commercial
paper is of little account; he must have
collateral.
1.-THE great point to bear in mind
about Wall street business is this: If a
man starts in and wants to make a for
tune at once he will barely make living
if he starts out with the purpose of max
ing a living he will end in most cases by
making fortune. 1t will take about
twenty years on the average"
"But does not the record show that
s. V. White made million in one day
on the occasion of certain series OF
transactions in Lackawanna"
Mr.. White Che is not deacon at all,
by the way) smiled all over his face as
he recalled that pleasant incident in his
career.
''That is about the figure" he adj.
mitted, "but you must bear in mind
that had been on the street almost
twenty years at that time, and had ac-
cumulatcd by conservative management,
avoiding sensational coups, enough CAPT.
tai to justify the great risks l took on
that Lackawanna operation. But, sir,
that episode should be no false encour-
agement to young fellows. 1t was the
opportunity of lifetime, and if had
been Linkiuwatcr it would have passed
undcvelopcd, and if had been from the
start plungcr l should not have had
the capital to stand the strain it in
volved. - Louisville Courier Journal.